DATABLOCKCHAIN.IO ICO OVERVIEW

The Blockchain Technology keeps on expanding in ubiquity and also its appropriation because of its genuine utilize cases in different parts by people, firm, and governments. The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. Cryptocurrency has been trending and still is the hottest topic for discussion over the internet forums, communities and social media. There’s no surprise that investing in cryptocurrency has unveiled a new way of reaping out profits (with a ginormous value) just by sitting at home.
In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is the DataBlockChain project and they have developed a revolutionary data platform that stands to disrupt the way that companies and individuals gather premium data. The product will democratize data, making it more readily available and less expensive than the current methods of data gathering and vetting.

About DataBlockChain

DataBlockChain.io is a revolutionary data platform that stands to disrupt the way that companies and individuals gather premium data. The product will democratize data, making it more readily available and less expensive than the current methods of data gathering and vetting. The result is that clients can access specific data sets in a cost-effective and transparent way, collecting exactly what they need without paying for extraneous data.

DataBlockChain.io strives to provide a robust interface between the users and the data sources. They will create a single-point solution that will eliminate the need for multiple data vendors and layers of list managers and brokers that create inefficiency in the marketplace. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers.

DataBlockChain main objectives are:

To empower Data Source Providers to provide access to their data and monetize it

To provide full transparency, traceability, and auditability to the data providers

To build confidence between the end user and data sources

To give Businesses and Consumers quality verified data

To give End Users a simplified easy-to-use interface with a quick payment system

PROBLEMS DATABLOCKCHAIN SEEKS TO SOLVE

The key to both acquiring new customers and retaining your current customers is possessing the critical data that can help you market to prospects with the highest propensity to use your products and services and help identify your current customers' needs, ensuring their long-term loyalty. The data industry today is both complicated and highly fragmented, offering a confusing number of choices to businesses desperately in need of this critical information. The existing data marketing ecosystem of data / list owners, managers and brokers is inefficient and often ineffective, costing businesses unnecessary time and money.

SOLUTION PROVIDED

DataBlockChain.io will provide a robust interface between the users and the data sources. DataBlockChain.io will create a single- point solution that will eliminate the need for multiple data vendors and layers of list managersand brokers that create inefficiency in the marketplace. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers.

HOW IT WORKS

THE SMART INDEXING ENGINE

Smart Indexing Engine (SIE)

DataBlockChain.io utilizes a decentralised Smart Indexing Engine(SIE) to index all data sources and assign confidence scores on the sources. The SIE is an type of AI using data analysis and machine learning. It uses predictive analytics to create an appropriate score and It constantly checks and re-evaluates the sources updating the scores.

The tool will utilize predictive analytics and it will be used for confidence source to provide the most accurate and up to date data.

This tools will also combine sources to provide all the required attribute. It will receive a record set which it could download and utilize.

The ethereum smart contract will keep track of all the sources used to provide the data of the entity. It will calculate and disperse payments to all the sources that is involved and this will be based on the licensing agreements with a said agent.

This payment are immediate and do not require authorization, invoices and transfers.

BIG DATA, BLOCKCHAIN AND AI

Big Data is as a huge volume database with the ability to gather, store, analyze, search, share, transfer, query, update. DataBlockchain leverages the advantages of Blockchain to enhance Big Data to be more effective and sustainable.

DataBlockChain.io utilizes the Ethereum Blockchain and smart contracts for all transactions and payments.When businesses seek to use data, they can search for data on DataBlockChain.io that meets their requirements. As soon as they find it, they can send payment to the data providers so that they can be given access to the data they requested for. This becomes real using a digital currency that works together with the DataBlockChain.io platform using Smart Contract, so that both parties are satisfied and all these can be done anonymously.

Blockchain and smart contract will be able to eliminate the existing issues of Big Data such as storage, sharing, transfer, updating. Blockchain is great technology for data storage and management because of transparency and immutability.

In other side, smart contract has an important role to calculate and distribute the payments which will be not only performed immediately without the complex processes as traditional systems but also more transparent and fair.

Predictive analytics (a type of Artificial Intelligence — AI — using data analysis and machine learning) will be used by the Smart Indexing Engine (SIE) [2]. The SIE is built to not only offer users the accurate and up-to-date data but also guarantee all requirements of data set’s attributes. Predictive analytics will analyze data and give score to its source. This score is called as “Confidence Score”. It is based on the age of data and the available attributes. The higher confidence score data source reaches, the higher payout data owner obtains.

USES OF DATABLOCKCHAIN

For real time leads

Digital and online marketings

Analytical modeling

Media buyers

Direct marketing

Customer acquisition

Background checks

The Benefits of DataBlockchain

Empower: Empower data source providers to monetize their data and capitalize on the demand in the market.

Transparency: Their blockchain approach provides data providers with full transparency, traceability and auditability, overcoming many of the hurdles data providers currently face in the existing marketplace.

Confidence: The company’s vetting and grading system for data will build confidence between the end user and data sources.

Verified: Give business and consumers quality, verified data.

Simplified: Give end users a simplified, easy-to-use interface with a quick and secure payment system.

Technology: A robust interface between the business or individual and data sources.

TOKEN DETAILS

DBCCoin is an ERC-20 Token (with ERC-677 functionality) that is implemented on the Ethereum blockchain. DataBlockChain.io utilizes Smart Contracts written in Solidity for transactions, auditing and payments. The DBCCoin tokens will be used for transactions on DataBlockChain.io and be used to remunerate Data Providers. The DBCCoin token will also function as an essential marketing tool for DataBlockChain.io as it will serve as the basis for the Rewards Program as well as incentivizing partners through a Promotion Program. These functionalities will be fully supported in the Smart Contract using Solidity.

THE DBC WALLET

The current process for using utility tokens is very complex and not user friendly, thereby limiting potential usage.

The user will require multiple wallets and a technical understanding of Exchanges , Ethereum, Wallets, and Token Exchange. The process is complex and involved. The steps include:

Creating an Ether wallet that has access to the main Ethereum network. (This is a complex process that involves many steps and an understanding of Private and Public Keys)

Use an exchange to purchase Ether which is stored in the exchange wallet. (Some exchanges allow Fiat to Ether purchase but others require you purchase BTC separately and then convert the BTC to ETH)

Transfer the Ether from the exchange wallet to the user wallet. (Needs an understanding of wallet addresses and exchange fees)

Find the Token Sale for DBCCoin and transfer ETH using a Smart Contract to exchange for DBCCoin. (Requires an understanding of Smart Contracts, Gas, Wei, and Transaction Hashes)

Use DBCCoin for purchases by sending DBCCoin to a transaction address.